686 E Wood AveUniversalIN47884
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Universal at 686 E Wood Ave, Universal, IN, 47884 offers a 10.13% rental yield on a $259,900 purchase with $2,194/mo rent. Total monthly income registers $2,194/mo, and a $1,272/mo payment leaves $634/mo available for distribution. Annual cash flow reaches $7,607/yr on $86,157 to close, and return on cash invested stands at 28.74% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 149.95% and total cumulative return in cash at $129,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,194/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47884, Universal, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10 (100%) |
| Owner Occupied HU | 9 (90.0%) |
| Renter Occupied HU | 0 |
| Vacant Housing Units | 1 ( 10.0%) |
| Median Home Value | $131,250 |
| Average Home Value | $127,500 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
13
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